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WPQ Wpc Resources

0.04
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wpc Resources TSXV:WPQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.04 0.035 0.045 0 01:00:00

WPC Resources Inc. - Board Appointments, Exploration and Financing Update

19/09/2011 10:00pm

PR Newswire (Canada)


WPC Resources Inc. (TSXV:WPQ)
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TSX-V: WPQ VANCOUVER, Sept. 19, 2011 /CNW/ - WPC Resources Inc., (the "Company") is pleased to provide the following corporate updates on its Board Structure and Exploration Projects:  Board of Directors and Advisory Board Additions John Zimmerman John Zimmerman has been appointed to the Board of Directors.  Mr Zimmerman graduated with M.Sc Geology from University of Arizona in 1983 and has over 30 years active exploration experience in Great Basin, Carlin gold, and porphyry moly. He has previously worked with Gold Fields, Newmont - Carlin Trend, Invenio, and Majestic and has previously managed Western US precious metals exploration for BHP. Don Merrick Don Merrick has been appointed to the Board of Directors. Mr Merrick graduated with a B.Sc Geology from Idaho State University in 1977 and has over 30 years active exploration experience in the Great Basin.  He has toured and studied all the major gold mines of Nevada.  And most recently, discovered/recommended over a two million oz gold deposit during his tenure as VP Exploration for Gateway Gold Corp. "This is an important addition to our team. Both Mr. Zimmerman and Mr. Merrick believe strongly in the direction we are taking on both ZPG and the Toiyabe Pediment projects," said WPC Resources President and Director, Al Fabbro. "This belief is supported by Barrick Gold's recent announcement concerning their two new discoveries in the very basin we are exploring.  These projects represent bona fide targets in a proven area." Dr. William Petrick Dr. Petrick has been appointed as the first member of the Company's Advisory Board. Dr. Petrick completed his Ph.D. from the University of Utah in 1984.  He has over 30 years experience in the Great Basin, and has done some preliminary 3D imaging on both Toiyabe and ZPG Projects. Mr. Fabbro adds, "Bill Petrick is a consummate professional and perfect for his role as Adviser. His 3D imaging will assist us greatly in confirming the three drill hole targets on ZPG and also the six holes planned for the Pediment property. Dr. Petrick is a great addition to the team and adds tremendous value to these projects." Exploration Update ZPG and Toyiabe Projects Permits have been obtained for the program at ZPG. It will encompass three holes drilled to a depth of approximately 1000 meters each. We have drill availability for the last week of September and we are proceeding with that program first. The drill will then move immediately to the Toiyabe property and a series of six holes will be drilled there starting in early October. All of our soil sampling and geo-physics point to specific drill targets. Quest Lake Project Our drill program at Quest Lake, Northwest Territories, under the direction of Wes Raven (P.Geo), has commenced. A series of holes designed to further explore our findings of last summer will be completed over the next two weeks. Financing The Company is just finalizing its announced Private Placement that will consist of issuing 10-15 million units at $.12 per unit to fund the Nevada project. It expects to announce completion early next week. About WPC Resources Inc.: WPC Resources Inc. is a Vancouver, British Columbia based gold exploration and development Company.  The contained recommendations and technical information have been reviewed on behalf of the Company by Mr. Warren Robb, P.Geo. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. WPC Resources Inc. CONTACT: Allan Fabbro, President & DirectorTelephone: 604-351-8850

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